Decliners Outpace Advancers while GCB Leads Trades to Close Week

6th Apr 2020 | Source: SASGhana

Market Performance

Top Trades by Volume

Top Trades by Value

Gainers & Losers

Market Summary

The benchmark index tumbled 6.79 points (-0.31%), closing the week at 2,179.02 with a -3.46% year-to-date return after prices of seven counters declined. The market capitalization decreased by 0.13% to settle at GH¢56.19 billion.

Enterprise Group (+1.27%) and Societe Generale (+4.11%) emerged as gainers in the week. However, the GSE Financial Index declined by 9.07 points (-0.46%) at 21,952.16 with a -3.34% year-to-date return due to CAL Bank (-7.78%), Access Bank (-2.22%), GCB Bank (-0.63%) and Ecobank Ghana (-0.27%).

The SAS Manufacturing Index was unchanged at 3,231.17 with a year-to-date return of -7.63%.

Camelot Ghana (+10.00) completed the gainers’ chart at GH¢0.11 while Intravenous Infusions (-25.00%), New Gold (-3.96%) and GOIL Company (-2.86%) were amongst the decliners.

Trading activity weakened as 1,427,692 shares valued at GH¢767,272 changed hands compared to 2,120,779 shares valued at GH¢1,639,780 last week. MTN Ghana dominated trades by volume and value, accounting for 60.08% of total volume traded and 76.03% of the total value traded.

We expect trading activity to pick up as investors await earnings announcements.

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The benchmark index rebounded at today’s session on the back of gains in MTN Ghana (+1.82%) to close 5.11 points (+0.26%) higher at 1,946.14 with a year-to-date return of -13.78% while the market capitalization increased by 0.10% at 53.59 …

The GSE Composite Index closed flat at 1,941.03 with a year-to-date return of -14.01% for the second straight session while the market capitalization stayed at 53.54 billion.
Consequently, the GSE Financial Index and SAS Manufacturing…

There were no gainers or losers at the session as the benchmark index began the week flat at 1,941.03 with a year-to-date return of -14.01% while the market capitalization stayed at 53.54 billion.
The GSE Financial Index and SAS Manu…

Market Summary
The GSE Composite Index moderated by 11.85 points (-0.59%) due to MTN Ghana (-1.64%) to close at 2,000.12 with a -11.39% year-to-date return while the market capitalization decreased by 0.23% to settle at GH¢54.16 billi…

The benchmark index shed 24.31 points (-1.22%) due to downward price movements in three counters, Fan Milk (-0.29%), MTN Ghana (-3.33%) and Benso Oil (-5.66%) to close at 1,975.81 with a -12.46% year-to-date return. The market capitaliza…